Rulings ( 11978 results )

Filters
High Court

HC: Remits AMP-issue to ITAT for proper investigation after considering Sony-Ericsson, Maruti ratio

  • In Favour of Both, Partially
  • Citation Number : TS-782-HC-2016(DEL)-TP
  • Tax Payer : RayBan Sun Optics India Ltd
Income tax Appellate Tribunal

ITAT: Excludes Infosys Technologies and L&T Infotech for software developer assessee following precedents

  • In Favour of Assessee
  • Citation Number : TS-781-ITAT-2016(HYD)-TP
  • Tax Payer : Electronic Arts Games India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Corporate-guarantee issued by Indian-parent for SPV a ‘shareholder activity’; Deletes TP-addition

  • In Favour of Assessee
  • Citation Number : TS-780-ITAT-2016(Kol)-TP
  • Tax Payer : Tega Industries Ltd
Income tax Appellate Tribunal

ITAT: Excludes E-Infochips providing software development & IT-enabled services absent segmental details

  • In Favour of Assessee
  • Citation Number : TS-779-ITAT-2016(HYD)-TP
  • Tax Payer : Net Cracker Technology Solutions (India) P Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of compulsory convertible debentures interest to TPO

  • In Favour of Both, Partially
  • Citation Number : TS-778-ITAT-2016(CHNY)-TP
  • Tax Payer : Roca Bathroom Products Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination under CUP; TPO's failed to consider product, quality & geographical differences

  • In Favour of Assessee
  • Citation Number : TS-777-ITAT-2016(HYD)-TP
  • Tax Payer : Rain Commodities Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to exclude “3M India Ltd” if RPT beyond 15% /25% threshold

  • In Favour of Both, Partially
  • Citation Number : TS-776-ITAT-2016(Mum)-TP
  • Tax Payer : Nobel Biocare India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits adjustment on royalty/intra-group services, relies upon EKL Appliances ruling

  • In Favour of Assessee
  • Citation Number : TS-775-ITAT-2016(DEL)-TP
  • Tax Payer : Magotteaux Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds assessee’s revised allocation of indirect-costs on headcount/no of desks basis

  • In Favour of Assessee
  • Citation Number : TS-774-ITAT-2016(DEL)-TP
  • Tax Payer : Xansa India Ltd
Income tax Appellate Tribunal

ITAT: Can't apply lower turnover filter, after qualitative analysis, for cherry-picking comparables

  • In Favour of Assessee
  • Citation Number : TS-773-ITAT-2016(Mum)-TP
  • Tax Payer : Star Limited
Income tax Appellate Tribunal

ITAT: Data for same FY, without any apportionment/truncation, 'must' for comparable inclusion

  • In Favour of Revenue
  • Citation Number : TS-772-ITAT-2016(DEL)-TP
  • Tax Payer : Techbooks Electronics Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal on trademark sub-license fees adjustment considering MAP resolution

  • In Favour of Both, Partially
  • Citation Number : TS-771-ITAT-2016(DEL)-TP
  • Tax Payer : GKN Driveline India Ltd
High Court

HC: Upholds ITAT’s comparable inclusion absent Revenue assailing functional comparability before CIT(A) /ITAT

  • In Favour of Assessee
  • Citation Number : TS-770-HC-2016(DEL)-TP
  • Tax Payer : Nortel Network India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Admits fresh evidence; Assessee’s characterization as providing ‘investment & financial advisory’, flawed

  • In Favour of Assessee
  • Citation Number : TS-769-ITAT-2016(DEL)-TP
  • Tax Payer : Control Risks India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Construes 'refunded' share-application money as subsidiary-loan; Sec 144C applicable pre-AY 2010-11

  • In Favour of Revenue
  • Citation Number : TS-768-ITAT-2016(Mum)-TP
  • Tax Payer : Taurian Iron & Steel Co Pvt Ltd
Income tax Appellate Tribunal

ITAT:Bad & doubtful debts provision part of operating expenses, follows Kenexa-Technologies ruling

  • In Favour of Both, Partially
  • Citation Number : TS-767-ITAT-2016(HYD)-TP
  • Tax Payer : SumTotal Systems India Private Limited
Income tax Appellate Tribunal

ITAT: Restricts royalty payment 1% on export sales; Follows earlier year ruling

  • In Favour of Revenue
  • Citation Number : TS-766-ITAT-2016(HYD)-TP
  • Tax Payer : GOCL Corporation Limited
High Court

HC:Sets aside AO's domestic TP-reference; Follows HC-order in sister concern’s case

  • In Favour of Both, Partially
  • Citation Number : TS-765-HC-2016(BOM)-TP
  • Tax Payer : DSP HMK Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies LIBOR as benchmark for AE-loan as funds utilized outside India

  • In Favour of Assessee
  • Citation Number : TS-764-ITAT-2016(HYD)-TP
  • Tax Payer : Transport Corporation of India Ltd
High Court

HC: Quashes Tribunal order directing use of international database for ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-762-HC-2016(BOM)-TP
  • Tax Payer : Pentair Water India Private Limited